News Line

    Go to Home Back
Email this to a friend
Printable version
Friday, July 13 , 2012 - 05.54 GMT
Major developments in port sector

 

There will be a six-lane road connectivity from the Southern Highway to the oil pipeline in Hambantota up to Kataragama, under a project embarked by the Sri Lanka Ports Authority (SLPA).

According to the Director Technical, SLPA Datta Gunasekera Sri Lanka Ports Authority has embarked on three key development projects recently to increase the capacity in three ports namely Colombo South, Hambantota and Oluvil, while a sum of Rs. 575 Million had been invested for Colombo South harbour and Rs 368 Million for Hambantota.

Addressing the India Shipping Summit 2012 yesterday (July 12) he said that the Hambantota Port could cater to the import and export business once completed and four value addition industries too will be set up following this process.

The Colombo South harbour has space for 3 container terminals and the 5.1 Km long main breakwater was the single largest breakwater undertaken so far by the SLPA. Roads between terminals will be widened with an investment of Rs 15.5 Million. The construction will commence mid next year and will be fully operational by 2016. In order to fulfill certain shortages, the Colombo Port has to commence work on the south container terminal by 2016 and west terminal after 2020.

Meanwhile, the east terminal was scheduled to commence work in the near future.

The SLPA has insisted that the oil pipeline carrying crude oil, has to be totally replaced at an additional cost of US$ 18 Million, which was progressing smoothly. The investment on the Oluvil Port to the value of 40 Mn Euro, will be completed by August 2012. The port will have modern facilities for fish processing and storing up to 500 tons of fish.

Trincomalee's Port City project has also got the nod of the investors with several entrepreneurs responding positively.

With the request for proposals closing recently for the Trincomalee Port project, both foreign and local investors in ship building and repair, cement bagging and the canned fish cannery had forwarded proposals for evaluation. The Ports Authority will be investing Rs. One billion is to provide infrastructure for these projects to get off the ground.


 


 

 
 
   
   
    KS
006
   
   

top

   

Contact Information:: Send mail to priu@presidentsoffice.lk with questions or comments about this web site.
Last modified: July 13, 2012.

Copyright 2008 Policy Research & Information Unit of the Presidential Secretariat of Sri Lanka. All Rights Reserved.